Plan Ledger DOL Form 5500 · updated monthly

Panum Telecom, LLC401(k)

PANUM TELECOM, LLC 401(K) PLAN · POTOMAC, MD · plan year 2023

Reported admin expense ratio · 2023
0.49%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Panum Telecom, LLC reported $69,427 in plan administrative expenses for 2023: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,458 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.46% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 783rd-largest of 1,671 plans among Maryland employers on file, and 6,482nd of 11,654 in professional & technical services. In 2023, employees put in $2.34 for every $1.00 the employer contributed; active participation has shrunk from 281 to 142 since 2022.

Plan summary
Net assets, end of year$15,408,014
Participants with balances308
Active participants142
Employer contributions$490,980
Employee contributions$1,148,991
Employer contribution per active participant$3,458
Average account balance$50,026
Benefits paid to participants$1,710,576
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$15.4M · 308 accts · $491K emplr
2022$12.9M · 325 accts · $574K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,296
Investment management$57,131
Total administrative$69,427
The Panum Telecom, LLC 401(k) match · 2023
Employer contribution per active participant$3,458
Median for plans this size$2,440
2023$3,458 per active participant
2022$2,041 per active participant

Panum Telecom, LLC's 2023 employer contribution ran above the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
CAPITAL GROUP RETIREMENT PLAN SERVI$28,371
CAMBRIDGE INVESTMENT RESEARCH INC · Investment advisory (plan)$23,888
FUTUREPLAN BY ASCENSUS · Contract administrator$11,221
HAUSER RETIREMENT SOLUTIONS 2 LLC · Investment advisory (plan)$6,847

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$69,427 · 0.49%
2022$63,583 · 0.46%
Similar plansProfessional & Technical Services · Maryland
Hendall Inc. MD$15.8M · 0.00%
Plex Solutions, LLC MD$15.5M · 0.48%
Rpi Consultants, LLC MD$15.5M · 0.40%
Bridges Consulting, Inc. MD$15.2M · 0.05%
T2S LLC MD$15.2M · 0.10%
Terrapin Systems LLC MD$15.1M · 0.01%
Creoal Consulting, LLC MD$15.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522043308 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.